Wall Street analysts expect that Boot Barn Holdings Inc (NYSE:BOOT) will announce sales of $166.00 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Boot Barn’s earnings, with the lowest sales estimate coming in at $161.10 million and the highest estimate coming in at $174.00 million. Boot Barn reported sales of $163.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The company is expected to issue its next quarterly earnings results on Thursday, June 7th.
On average, analysts expect that Boot Barn will report full year sales of $166.00 million for the current fiscal year, with estimates ranging from $668.30 million to $681.00 million. For the next year, analysts anticipate that the company will post sales of $735.66 million per share, with estimates ranging from $724.70 million to $751.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Boot Barn.
Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $225.00 million. Boot Barn had a return on equity of 9.55% and a net margin of 3.67%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS.
Shares of Boot Barn (BOOT) traded down $0.51 during mid-day trading on Monday, hitting $17.77. The stock had a trading volume of 656,437 shares, compared to its average volume of 1,060,681. The firm has a market cap of $495.82, a PE ratio of 19.74, a PEG ratio of 1.26 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 0.22 and a debt-to-equity ratio of 0.93. Boot Barn has a fifty-two week low of $5.90 and a fifty-two week high of $20.31.
In related news, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total value of $110,634,876.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Grant Conroy sold 178,773 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total value of $3,083,834.25. Following the completion of the transaction, the chief executive officer now directly owns 182,580 shares of the company’s stock, valued at approximately $3,149,505. The disclosure for this sale can be found here. Insiders sold a total of 6,643,581 shares of company stock valued at $114,601,772 in the last ninety days. 4.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd acquired a new position in Boot Barn in the 2nd quarter worth about $116,000. Cubist Systematic Strategies LLC acquired a new position in Boot Barn in the 3rd quarter worth about $151,000. The Manufacturers Life Insurance Company raised its holdings in Boot Barn by 811.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 9,908 shares of the company’s stock worth $165,000 after purchasing an additional 8,821 shares during the period. Teachers Advisors LLC raised its holdings in Boot Barn by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock worth $199,000 after purchasing an additional 1,858 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new position in Boot Barn in the 4th quarter worth about $246,000.
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Boot Barn Company Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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